Definition of Potential Servicer Default

  1. Potential Servicer Default means an event which, with the expiration of a grace period without cure or the giving of notice, or both, would constitute a Servicer Default.

Examples of Potential Servicer Default in a sentence

  1. The Seller shall not make any Restricted Junior Payment if a Servicer Default or Potential Servicer Default exists or would result therefrom.
  2. Amortization Events, Potential Amortization Events, Servicer Default or Potential Servicer Default.

Definition of Potential Servicer Default in Amendment Agreement

Potential Servicer Default means an event which, with the expiration of a grace period without cure or the giving of notice, or both, would constitute a Servicer Default.


Definition of Potential Servicer Default in Receivables Purchase Agreement

Potential Servicer Default means an event which, but for the lapse of time or the giving of notice, or both, would constitute a Servicer Default.


Definition of Potential Servicer Default in Indenture and Servicing Agreement

Potential Servicer Default means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute a Servicer Default.